Editor’s Note: Michael J. Parrish and Ryal W. Tayloe are members of the Litigation and the Construction Litigation Practice Groups at Ward and Smith, P.A. Limited liability protection offered by ...

From a legal perspective, business owners have several options for organizing and operating their business. Selecting the best option usually depends on three concerns — allocating management of the ...

Different types of businesses and business interests hold different levels of liability when it comes to debts and obligations. Owners of sole proprietorship businesses and general partnerships may be ...

Lisa has left her job as a graphic designer at a recognized firm to start her own business. She enjoys the work she does but not the environment of that established firm. Deciding she'd rather be her ...

There are true and palpable advantages to conducting a commercial enterprise as a corporation, limited liability company or other similar “protective” structure. First, though, what exactly does ...

Last week, I told you that trying to collect a debt owed to you by an insolvent limited liability entity from the owners of the entity was problematic — a steep legal hill to climb. That’s because the ...

With the number of registered investment advisory firms at an all-time high, more financial advisors face a decision about what business entity to file as at the state and federal levels. The type of ...